Schwab Reports Monthly Activity Highlights

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SAN FRANCISCO--(BUSINESS WIRE)--The Charles Schwab Corporation released its Monthly Activity Report
today. Company highlights for the month of August 2017 include:

Net new assets brought to the company by new and existing clients in
August 2017 totaled $18.0 billion.

Total client assets were a record $3.12 trillion as of month-end
August, up 15% from August 2016 and up 1% compared to July 2017.

Client cash as a percentage of assets was 11.4% as of month-end
August, compared with 12.5% in August 2016 and 11.3% in July 2017.

About Charles Schwab

The Charles Schwab Corporation (NYSE: SCHW) is a leading provider of
financial services, with more than 340 offices and 10.5 million active
brokerage accounts, 1.6 million corporate retirement plan participants,
1.2 million banking accounts, and $3.12 trillion in client assets as of
August 31, 2017. Through its operating subsidiaries, the company
provides a full range of wealth management, securities brokerage,
banking, money management, custody, and financial advisory services to
individual investors and independent investment advisors. Its
broker-dealer subsidiary, Charles Schwab & Co., Inc. (member SIPC, http://www.sipc.org),
and affiliates offer a complete range of investment services and
products including an extensive selection of mutual funds; financial
planning and investment advice; retirement plan and equity compensation
plan services; referrals to independent fee-based investment advisors;
and custodial, operational and trading support for independent,
fee-based investment advisors through Schwab Advisor Services. Its
banking subsidiary, Charles Schwab Bank (member FDIC and an Equal
Housing Lender), provides banking and lending services and products.
More information is available at www.schwab.com
and www.aboutschwab.com.

The Charles Schwab Corporation Monthly Activity Report For August
2017

2016

2017

Change

Aug

Sep

Oct

Nov

Dec

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Mo.

Yr.

Market Indices

(at month end)

Dow Jones Industrial Average

18,401

18,308

18,142

19,124

19,763

19,864

20,812

20,663

20,941

21,009

21,350

21,891

21,948

-

19

%

Nasdaq Composite

5,213

5,312

5,189

5,324

5,383

5,615

5,825

5,912

6,048

6,199

6,140

6,348

6,429

1

%

23

%

Standard & Poor’s 500

2,171

2,168

2,126

2,199

2,239

2,279

2,364

2,363

2,384

2,412

2,423

2,470

2,472

-

14

%

Client Assets

(in billions of dollars)

Beginning Client Assets

2,698.2

2,710.4

2,725.3

2,686.7

2,734.6

2,779.5

2,831.3

2,895.2

2,922.5

2,948.8

2,995.8

3,040.6

3,099.9

Net New Assets (1)

10.4

10.6

6.1

11.9

18.9

11.1

6.6

21.2

2.8

24.0

37.7

15.8

18.0

14

%

73

%

Net Market Gains (Losses)

1.8

4.3

(44.7

)

36.0

26.0

40.7

57.3

6.1

23.5

23.0

7.1

43.5

4.4

Total Client Assets (at month end)

2,710.4

2,725.3

2,686.7

2,734.6

2,779.5

2,831.3

2,895.2

2,922.5

2,948.8

2,995.8

3,040.6

3,099.9

3,122.3

1

%

15

%

Receiving Ongoing Advisory Services

(at month end)

Investor Services

211.7

213.4

211.3

213.2

217.1

220.8

227.9

230.9

234.4

239.1

242.2

247.2

249.9

1

%

18

%

Advisor Services (2)

1,149.4

1,155.4

1,140.5

1,161.8

1,184.3

1,208.4

1,239.0

1,250.9

1,262.7

1,283.4

1,297.6

1,323.8

1,333.1

1

%

16

%

Client Accounts

(at month end, in thousands)

Active Brokerage Accounts (3)

10,021

10,046

10,068

10,102

10,155

10,198

10,254

10,320

10,386

10,439

10,487

10,477

10,525

-

5

%

Banking Accounts

1,083

1,088

1,092

1,099

1,106

1,109

1,117

1,120

1,128

1,138

1,143

1,154

1,167

1

%

8

%

Corporate Retirement Plan Participants

1,565

1,561

1,547

1,550

1,543

1,543

1,534

1,545

1,543

1,541

1,540

1,540

1,550

1

%

(1

%)

Client Activity

New Brokerage Accounts (in thousands)

96

84

84

93

116

111

113

138

125

115

117

107

123

15

%

28

%

Inbound Calls (in thousands)

1,755

1,633

1,565

1,642

1,931

1,817

1,787

2,111

1,788

1,727

1,736

1,683

1,823

8

%

4

%

Web Logins (in thousands)

42,627

38,237

35,429

37,687

40,720

40,047

40,717

45,441

39,750

44,024

43,790

42,236

47,290

12

%

11

%

Client Cash as a Percentage of Client Assets (4)

12.5

%

12.5

%

12.8

%

12.8

%

13.0

%

12.7

%

12.4

%

12.4

%

12.1

%

11.8

%

11.5

%

11.3

%

11.4

%

10 bp

(110) bp

Mutual Fund and Exchange-Traded Fund

Net Buys (Sells)(5, 6)

(in millions of dollars)

Large Capitalization Stock

(755

)

(1,209

)

(652

)

200

565

265

580

(125

)

346

134

(63

)

(95

)

(1,683

)

Small / Mid Capitalization Stock

(214

)

460

(190

)

877

1,103

1,364

673

(409

)

(797

)

(285

)

(322

)

(139

)

(293

)

International

386

(26

)

(1

)

348

(683

)

1,296

1,633

1,703

2,410

3,610

3,631

2,675

1,705

Specialized

189

(274

)

(159

)

(1,019

)

20

411

1,007

273

570

529

647

236

279

Hybrid

(219

)

58

(432

)

(687

)

(456

)

(53

)

258

563

92

65

(340

)

142

(272

)

Taxable Bond

1,888

1,585

1,475

(1,110

)

1,045

3,144

3,535

3,876

2,060

3,618

3,499

3,064

3,481

Tax-Free Bond

920

539

20

(1,090

)

(1,692

)

864

472

300

155

290

507

453

715

Net Buy (Sell) Activity

(in millions of dollars)

Mutual Funds (5)

(297

)

(656

)

(1,979

)

(5,864

)

(5,825

)

2,522

4,005

2,368

1,116

3,837

2,980

3,201

1,048

Exchange-Traded Funds (6)

2,492

1,789

2,040

3,383

5,727

4,769

4,153

3,813

3,720

4,124

4,579

3,135

2,884

Money Market Funds

(768

)

(658

)

211

1,851

1,141

(1,761

)

(181

)

1,218

(4,434

)

(1,167

)

(1,260

)

1,022

2,105

Average Interest-Earning Assets (7)

(in millions of dollars)

194,268

199,107

201,894

206,970

212,052

216,001

216,112

218,554

217,407

215,252

214,709

212,108

214,458

1

%

10

%

(1)

June 2017 includes an inflow of $15.6 billion from a mutual fund
clearing services client. February 2017 includes an outflow of $9.0
billion from a mutual fund clearing services client.

(2)

Excludes Retirement Business Services.

(3)

Periodically, the Company reviews its active account base. In July
2017, active brokerage accounts were reduced by approximately 48,000
as a result of low-balance closures.